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Duthie, Steve

April 2018 Economic Situation Report

Governor Bullock Announces Montana’s Unemployment Rate Falls to 4.0%

FOR IMMEDIATE RELEASE:

Friday, May 18, 2018
CONTACTS:
Ronja Abel, Communications Director, Governor’s Office, (406) 444-9725
Barbara Wagner, Chief Economist, Department of Labor & Industry, (406) 444-5474
Jake Troyer, Communications Director, Department of Labor & Industry, (406) 444-1674

Governor Bullock Announces Montana’s Unemployment Rate Falls to 4.0%
More Montanans working than ever before in diverse industries across the state

MONTANA – Governor Steve Bullock today announced Montana’s unemployment rate dropped slightly to 4.0% for the month of April. The U.S. unemployment rate also fell to 3.9%.

More Montanans have jobs than ever before in our state’s history and the middle-class in Montana is growing faster than every other state in the nation,” said Governor Bullock. “We are and will continue to fuel this economic growth by making sure workers and businesses alike have the resources they need to succeed.

Both payroll and total employment levels posted insignificant decreases over the last month, with small gains in leisure and hospitality, and accommodation and food service offset by small losses in other industries. There was also a small but significant drop in the labor force participation rate over the last month. However, the number of people in Montana’s labor force remains at record levels.  

The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.2% in April, primarily due to a 3.0% increase in the gasoline index. Over the last 12 months, the CPI-U has increased by 2.5%. The index for all items less food and energy, also called core inflation, increased 0.1% in April, with a change of 2.1% over the last year. 

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** Unemployment figures are seasonally-adjusted.  Seasonally-adjusted numbers remove the effects of events that follow a more or less regular month-to-month pattern each year. These adjustments make non-seasonal patterns easier to identify. The margin of error for the unemployment rate is plus or minus 0.5 percentage points at the 90 percent confidence level. All questions relating to the calculation of unemployment rates should be directed to the Montana Department of Labor & Industry’s Research and Analysis Bureau at 1-800-541-3904.

The next Labor Situation Report for the month of May 2018 will be released on Friday, June 15, 2018.

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